NEDA pushes passage of economic bills
NEDA Deputy Director General Rosemarie G. Edillon

TO BOOST the growth of industry and services sectors, the National Economic and Development Authority (NEDA) has called on Congress to pass several measures which it described as important in attaining their targets.

NEDA Deputy Director General Rosemarie G. Edillon said they also aim to promote the agriculture and fisheries sectors, environment and natural resources, social protection, shelter security, health and nutrition, and education and skills enhancement.

To attain the same, they wanted to amend the Export Development Act; remove restrictions on the foreign investment negative list (FINL) of the Foreign Investments Act; and…

Read more: NEDA pushes passage of economic bills

Car sales up 16% in September

BAD NEWS for the already-suffering commuters and motorists of Metro Manila: expect those heavy traffic jams along EDSA and other thoroughfares to turn from bad to worse.

It’s because automobile sales in the country have jumped up by 16 percent last September alone, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI). 

Combined sales of CAMPI and the Truck Manufacturers Association (TMA) reached 31,451 units in September, up by 16.2 percent from 27,089 units in the same month in 2015.

Both passenger cars and commercial vehicles segments posted double-digit growth last month.

Commercial vehicles sales…

Read more: Car sales up 16% in September

Snapping back to normal will hurt

THE PROBLEM with watching the markets is that you get desensitized to its odd behavior.  I am waiting for the oil commodity to recover and it just cannot get past the OPEC countries simply hating each other. 

I like cheap gas, like everyone else, but this commodity is keeping certain emerging countries from recovering.  It also keeps a false sense of daily living.  

Those certain things should be cheap.  Again, I enjoy cheaper airfare and low prices on manufactured goods.  

My position is that every quarter of this goes on is another ounce of pain added to…

Read more: Snapping back to normal will hurt

Did Federal take leading daily for a ride?

FEDERAL Land is one real estate developer that takes pride to have planted its seeds in the industry at a time of deep uncertainties, particularly in the 1970’s, in the middle of our country’s political and economic crisis.

It found its place in the sun and made a name, targeting the Filipino –Chinese community. “With land a scarce commodity in the country’s oldest central business district, Federal Land focused on erecting high-rise, quality towers that offered modern amenities and design to their place of work and dwelling,” Federal Land said in a statement on its priorities.

Federal Land boasts of…

Read more: Did Federal take leading daily for a ride?

Cusi, Tugade, others face rough sailing before CA

IN PORTENT of things to come for the appointees of President Rodrigo Duterte, the Commission on Appointments (CA) has refused to give the green light on the appointment of Energy Secretary Alfonso Cusi during his recent appearance before the powerful body.

The move is seen by many political observers as a message to the Malacanang Palace that the body which is composed of senators and congressmen most of whom are aligned with Duterte, will not allow   themselves to be mere rubber stamps of the executive.

Cusi’s appointment was derailed after he failed to provide adequate answers on several questions…

Read more: Cusi, Tugade, others face rough sailing before CA

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